Frost Giant

Frost Giant

Growth Stage

Real-Time Strategy Returns to PC Gaming

Real-Time Strategy Returns to PC Gaming

Overview

Raised to Date: Raised: $982,281

Total Commitments ($USD)

Platform

StartEngine

Start Date

04/07/2024

Close Date

07/08/2024

Min. Goal
$14,999
Max. Goal
$4,999,992
Min. Investment

$495

Security Type

Equity - Preferred

Series

Series B

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$8.68

Pre-Money Valuation

$150,064,796

Rolling Commitments ($USD)

Status

Active

Reporting Date

05/17/2024

Days Remaining

51

% of Min. Goal

6,549%

% of Max. Goal

20%

Likelihood of Max
unlikely
Avg. Daily Raise

$24,557

# of Investors

321

Momentum
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Year Founded

2020

Industry

Media, Entertainment & Publishing

Tech Sector

GamingTech

Location

Irvine, California

Frost Giant, with a valuation of $150.06 million, is raising funds on StartEngine. It is an independent game-developing company that aims to redefine the PC real-time strategy landscape. Frost Giant is currently developing a next-gen real-time strategy PC game, Stormgate, which is planned for release in the third quarter of 2024. Stormgate is being developed on a groundbreaking proprietary technology, SnowPlay, and will be a truly social game with tournament features and next-generation competition. Tim Morten founded Frost Giant in March 2020. The current crowdfunding campaign has a minimum target of $14,999.04 and a maximum target of $5 million. The campaign proceeds will be used for company employment, marketing, and operating capital.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-12,884,063

$-10,296,821

Summary Balance Sheet

FY 2023 FY 2022

Cash

$6,806,364

$19,410,743

Accounts Receivable

$0

$0

Total Assets

$7,428,865

$20,053,233

Short-Term Debt

$453,626

$321,915

Long-Term Debt

$114,737

$128,321

Total Liabilities

$568,363

$450,236

Financials as of: 04/07/2024
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Frost Giant on StartEngine 2024
Platform: StartEngine
Security Type: Equity - Preferred
Valuation: $150,064,796
Price per Share: $8.68

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